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Registered number: 11986180

SWR Motorsports 100 Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2023

Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

SWR Motorsports 100 Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2023
DIRECTORS
Scott Watterson
REGISTERED OFFICE
6 Brunswick Street
Warwick Road
Carlisle
Cumbria
CA1 1PN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11986180
BANKERS
HSBC UK Bank Plc
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

SWR Motorsports 100 Limited

ACCOUNTS
FOR THEYEARENDED31/05/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

SWR Motorsports 100 Limited

BALANCE SHEET AT 31/05/2023
20232022
Notes££
FIXED ASSETS
Tangible assets317,32122,500
CURRENT ASSETS
Debtors4383,203
Cash at bank and in hand49218
5303,221
CREDITORS: Amounts falling due within one year58,91917,190
NET CURRENT LIABILITIES(8,389)(13,969)
TOTAL ASSETS LESS CURRENT LIABILITIES8,9328,531
CAPITAL AND RESERVES
Called up share capital61010
Profit and loss account8,9228,521
SHAREHOLDERS' FUNDS8,9328,531
For the year ending 31/05/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21/02/2024 and signed on their behalf by
.............................
Scott Watterson
Director

SWR Motorsports 100 Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
2. EMPLOYEES
20232022
No.No.
Average number of employees11
3. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
At 01/06/202240,00040,000
Additions595595
At 31/05/202340,59540,595
Depreciation
At 01/06/202217,50017,500
For the year5,7745,774
At 31/05/202323,27423,274
Net Book Amounts
At 31/05/202317,32117,321
At 31/05/202222,50022,500

SWR Motorsports 100 Limited

4. DEBTORS 20232022
££
Amounts falling due within one year
UK corporation tax-3,165
PAYE and NIC3838
383,203
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax497-
VAT7,344-
Directors current account2517,190
Accruals1,053-
8,91917,190
6. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
10 Ordinary shares of £1 each1010
1010
7. RELATED PARTY TRANSACTIONS
Total remuneration of £9,096 (2022 - £4,704) was paid to the director during the year.
At the balance sheet date the company owed the directors £25 (2022 - £17,190). The loan is unsecured, interest free and repayable on demand.
Dividends of £7,250 (2022 - £2,500l) were paid to the director during the year.
8. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England and Wales.
The company's registered number is 11986180.
The company's registered office is 6 Brunswick Street, Carlisle, CA1 1PN.